9 August 2020, Sunday | 10:23am

Business

Nestle’s Q1 profit up 1.7% to RM235.22m

PETALING JAYA: Nestle (Malaysia) Bhd’s net profit for the first quarter ended March 31, 2019 rose 1.7% to RM235.22 million from RM231.22 million a year ago on lower operating expenses due to phasing of marketing and promotional spends, as well as efficiency increases across the supply chain.

Almost half Malaysian consumers have their financial information compromised

KUALA LUMPUR: Almost half of consumers in Malaysia have had their financial information compromised, according to KPMG’s Consumer Loss Barometer –The Economics of Trust reported.

Boeing seeks to exit crisis mode as it reports results

NEW YORK: Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to pivot from two deadly crashes that have grounded a top-selling plane.

Bandar Malaysia revival sparks renewed buying of construction stocks

PETALING JAYA: The revival of the Bandar Malaysia project, which came as a surprise to the market, sparked a fresh round of buying interest in construction and building materials stocks on Bursa Malaysia today.

Bloomberg: Lower interest unlikely to stem Malaysia’s bond woes

KUALA LUMPUR, April 21 — Bloomberg continued its gloomy reporting on Malaysia’s bonds situation today, suggesting that even an interest rate cut would not be enough to stem the outflow of foreign capital from the country.

Public Bank to approve RM50 bln mortgage, RM40 bln SME loans in 3 years

KUALA LUMPUR, April 22 (Bernama) -- Public Bank Group aims to approve RM50 billion in mortgage loans and RM40 billion small and medium enterprise (SME) loans in three years.

Malakoff says fire at Tanjung Bin energy power plant doesn't affect operations

KUALA LUMPUR, April 22 (Bernama) -- Malakoff Corporation Bhd says a fire that occurred on April 22, 2019 at about 6 am at the Tanjung Bin Energy Power Plant (TBE) in Pontian, Johor was an isolated incident which involves only the belt conveyor that carries coal to the power plant and does not affect the 1,000MW power plant itself.

153 students get ASNB unit trust from MNRB at MSAM 2019

SUNGAI PETANI, April 22 (Bernama) — MNRB Holdings Bhd has contributed RM20 worth of Amanah Saham Nasional Bhd (ASNB) unit trust each to 153 students of Sekolah Kebangsaan (SK) Kampung Kuala Sin during its signature financial literacy programme “MNRB Ringgit Savvy”.

Petronas opens Malaysia's first auto expert centre

SHAH ALAM, April 22 (Bernama) – Petronas Lubricants Marketing Malaysia (PLMM), together with Petronas Lubricants International (PLI), has launched Malaysia’s first Petronas auto expert service centre, offering top-end products and high quality car maintenance services to customers.

Bank Negara international reserves rise to US$103.5 billion

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves have increased to US$103.5 billion as at April 15 from US$103 billion as of March 29.